South Carolina Association of Student Financial Aid Administrato

Nonprofit profile at a glance

EIN
570759224
IRS 990-EZ coverage
2013–2024
Forms available
Form 990-EZ 2024
Location
Columbia, SC, USA
Rating
89
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$75,464
Expenses
$103,531
Assets
$267,490

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • James Kellam (President)
  • Regina Hailey Smith (President-Elect)
  • Zachary Christian (Past President)
  • Holly Gilliam (Vice President)

People named in this filing

  • James Kellam (President)
  • Regina Hailey Smith (President-Elect)
  • Zachary Christian (Past President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provided professional development and training to 383 South Carolina college financial aid administrators regarding the administration of federal Title IV and South Carolina state financial aid programs. Hosted an annual conference attended by 138 financial aid professionals and conducted workshops and training opportunities throughout the year.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.1%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -37.2%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 2.58; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 5.2% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 2.2% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $102K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 16/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.